Integrated Device Technology
To Cut 18% of its Work Force

A WSJ.com News Roundup

Updated June 14, 2001 12:01 a.m. ET

SANTA CLARA, Calif. -- Integrated Device Technology Inc., battered by weak chip sales, said it will cut about 900 positions, or 18% of its work force, resulting in a one-time charge of $2.5 million in its fiscal first quarter.

IDT on Wednesday said it expects the job cuts to produce annual run-rate savings of $11 million after the charge. Most of the job cuts, which the company plans to complete by the end of June, will be made at the...